It is evident that developing robust analytic solutions for data analysis is a new area for insurers to detect fraud. Building this capability in-house is expensive and time consuming. By outsourcing analytic solutions insures can detect claims fraud faster and more accurately. Outsourcing can also reduce cost of analyzing unstructured legacy and third party data, help access, highly skilled statisticians and data analysts.
It is evident that developing robust analytic solutions for data analysis is a new area for insurers to detect fraud. Building this capability in-house is expensive and time consuming. By outsourcing analytic solutions insures can detect claims fraud faster and more accurately. Outsourcing can also reduce cost of analyzing unstructured legacy and third party data, help access, highly skilled statisticians and data analysts.